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Central Bank declares TM App a prohibited pyramid scheme

COLOMBO, Aug. 6 -- The Central Bank of Sri Lanka (CBSL) has declared TM App (associated with Triumph Media House Inc.) a prohibited pyramid scheme under the Banking Act, warning the public against par... Read More


No politics of racism under NPP, says Deputy Defence Minister

COLOMBO, Aug. 6 -- Deputy Minister of Defence Aruna Jayasekara said the National People's Power (NPP) government has not pursued divisive ethnic politics, claiming President Anura Kumara Dissanayake w... Read More


Asset declarations of public officials to be restricted, elected reps' stay public

COLOMBO, Aug. 6 -- The government will amend the Anti-Corruption Act to impose certain restrictions on public access to the asset and liability declarations of public officials published on the Commis... Read More


Bimal say politicians' asset declarations will remain public

COLOMBO, Aug. 6 -- The government will amend the Anti-Corruption Act to impose certain restrictions on public access to the asset and liability declarations of public officials published on the Commis... Read More


Former Minister Akila Viraj remanded over alleged misuse of state-funded staff

COLOMBO, Aug. 5 -- Former Minister Akila Viraj Kariyawasam was remanded until August 18 after being arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over allegat... Read More


Misri tells Tamil parties India ready to fast-track development projects

COLOMBO, Aug. 5 -- Visiting Indian Foreign Secretary Vikram Misri told representatives of Tamil political parties on Wednesday (5) that India is ready to move ahead without delay on economic developme... Read More


President, PM meet Indian Foreign Secretary as Sri Lanka, India review key bilateral projects

COLOMBO, Aug. 5 -- President Anura Kumara Dissanayake and Prime Minister Dr Harini Amarasuriya on Wednesday (5) held separate talks with Indian Foreign Secretary Vikram Misri, reviewing bilateral coop... Read More


AG indicts Duminda Dissanayake over gold-plated T-56 rifle case

COLOMBO, Aug. 5 -- Attorney General Parinda Ranasinghe filed an indictment in the Colombo High Court against former minister Duminda Dissanayake on Wednesday (5) over the recovery of a gold-plated T-5... Read More


Govt. rejects debt management lapses over $2.5m fraud, says safeguards strengthened

COLOMBO, Aug. 5 -- Sri Lanka's government on Wednesday (5) rejected Opposition allegations that the loss of US$2.5 million during a foreign debt repayment was caused by failures in public debt managem... Read More


Eight killed as heavy rains, landslides affect over 11,000 people

COLOMBO, Aug. 4 -- The death toll from weather-related incidents across Sri Lanka rose to eight on Tuesday (4), with more than 11,800 people affected by heavy rains, floods and landslides, the Disaste... Read More